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Based on data shared through the Lands of America Comparable Sales Program, there were 162 properties listed as sold by REALTORS© Land Institute Members in November 2018, an increase of 6 percent over the previous month. This represents approximately $90 million and 21,000 acres of land and rural real estate sold across 131 U.S. counties and 25 states. November 2018 sales activity by REALTORS© Land Institute members participating in the program decreased by 14 percent compared to sales volume from the same period in 2017.
Pat Karst with Wabash, Indiana-based Halderman Real Estate Services & Halderman Farm Management and Travis Hamele with Portage, Wisconsin-based United Country - Hamele Auction & Realty jointly recorded the most individual sales during the month.
Listed as sold on November 12, John Pearson with Pearson Real Estate Company, Inc. registered the month’s largest sale by overall size. The 6,442-acre Flying T Ranch (East Unit) is located in northeastern Wyoming’s Campbell County. The ranch includes about 12 miles of the Belle Fourche River, with most of the river flowing past the ranch headquarters and through the east pastures of the ranch. Of its total acreage, 4,641 acres are deeded, with the remainder held under State and BLM land leases.
The LandGuys’ Scott Whittington, ALC, notched the most expensive sale with the November 1 purchase of the Atherton Grain Facility in Illinois’ Bureau County. The silo is licensed to store up 4.5 million bushels and includes 20 grain-storage tanks. According to U.S. Census Bureau data, Bureau County ranks seventh in the state for the size of its overall ag economy, with corn grown for grain and soybeans being the county’s biggest crops. __________________________________________________________________________________
The Lands of America Comparable Sales Program includes almost 260,000 individual sales records dating back to March 2000. The program was put together to offer one centralized, nationwide location to assist in valuating properties. Sales information is shared on a voluntary basis by individual program participants.
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